(Photo: Reuters) 
Special 
(Photo: Reuters) Gold prices recovered sharply and closed at an over one-week high at the domestic bullion market in Mumbai following frantic buying by jewellers and traders amid robust retail demand ahead of year-end festivities and wedding season.
Standard gold (99.5 purity) surged by a whopping Rs 400 to end at Rs 26,915 per 10 grams from Wednesday's closing level of Rs 26,515.
Prices of the yellow metal (of 99.9 purity) also shot-up by the same margin to end the week at Rs 27,065 per 10 grams, as against Rs 26,665 in its previous close.
Moving in line with the general trend, silver prices also jumped to retrace the key Rs 37,000-mark on the back of heavy speculative buyout.
Silver prices (of .999 fineness) zoomed by Rs 970 to conclude at Rs 37,780 per kg compared to Rs 36,810 previously.
In global trade, gold price surged ahead, rebounding from a three-week low in thin holiday trade on weak dollar as well as bargain hunting.
Spot gold was sharply higher at US $1,197.00 an ounce in early trade.
FULL COVERAGE: 2014 Year In Review
Copyright©2025 Living Media India Limited. For reprint rights: Syndications Today
